GDMN vs. BWET

Last updated Jun 4, 2026

GDMN (WisdomTree Efficient Gold Plus Gold Miners Strategy Fund) and BWET (Breakwave Tanker Shipping ETF) are both Commodities funds. GDMN is actively managed, while BWET is passively managed. Over the past 3 years, GDMN returned 60.95%/yr vs 129.64%/yr for BWET. At a 0.04 correlation, their price movements are largely independent. GDMN charges 0.45%/yr vs 3.50%/yr for BWET.

Performance

GDMN vs. BWET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) and Breakwave Tanker Shipping ETF (BWET). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GDMN achieves a -4.13% return, which is significantly lower than BWET's 875.88% return.

GDMN

• 1D: -3.68%
• 1M: -2.43%
• YTD: -4.13%
• 6M: 2.73%
• 1Y: 76.93%
• 3Y*: 60.95%
• 5Y*: —
• 10Y*: —

BWET

• 1D: 4.26%
• 1M: 9.15%
• YTD: 875.88%
• 6M: 735.56%
• 1Y: 1,800.91%
• 3Y*: 129.64%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GDMN vs. BWET - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund	-4.13%	237.09%	28.23%	-11.81%
BWET Breakwave Tanker Shipping ETF	875.88%	96.22%	-39.21%	15.94%

Correlation

The correlation between GDMN and BWET is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (All Time) Calculated using the full available price history since May 4, 2023	0.04

GDMN vs. BWET - Sectors Allocation Comparison

Sectors	GDMN	BWET
Basic Materials	100.0%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	8.6%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

GDMN vs. BWET — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GDMN

GDMN Risk / Return Rank: 34
GDMN Sharpe Ratio Rank: 34
GDMN Sortino Ratio Rank: 30
GDMN Omega Ratio Rank: 36
GDMN Calmar Ratio Rank: 39
GDMN Martin Ratio Rank: 31

BWET

BWET Risk / Return Rank: 99
BWET Sharpe Ratio Rank: 100
BWET Sortino Ratio Rank: 97
BWET Omega Ratio Rank: 97
BWET Calmar Ratio Rank: 100
BWET Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GDMN vs. BWET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) and Breakwave Tanker Shipping ETF (BWET). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	GDMN	BWET	Difference
Sharpe ratio: Return per unit of total volatility	1.26	18.57	-17.31
Sortino ratio: Return per unit of downside risk	1.68	6.55	-4.88
Omega ratio: Gain probability vs. loss probability	1.25	1.96	-0.72
Calmar ratio: Return relative to maximum drawdown	1.98	59.51	-57.53
Martin ratio: Return relative to average drawdown	4.68	158.07	-153.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GDMN vs. BWET - Sharpe Ratio Comparison

The current GDMN Sharpe Ratio is 1.26, which is lower than the BWET Sharpe Ratio of 18.57. The chart below compares the historical Sharpe Ratios of GDMN and BWET, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GDMN	BWET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.26	18.57	-17.31
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	1.90	-1.09

Drawdowns

GDMN vs. BWET - Drawdown Comparison

The maximum GDMN drawdown since its inception was -52.82%, smaller than the maximum BWET drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for GDMN and BWET.

Drawdown Indicators

	GDMN	BWET	Difference
Max Drawdown Largest peak-to-trough decline	-52.82%	-56.90%	+4.08%
Max Drawdown (1Y) Largest decline over 1 year	-39.03%	-30.64%	-8.39%
Max Drawdown (3Y) Largest decline over 3 years	-39.03%	-56.90%	+17.87%
Current Drawdown Current decline from peak	-37.06%	-11.29%	-25.77%
Average Drawdown Average peak-to-trough decline	-18.89%	-24.09%	+5.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.51%	11.51%	+5.00%

Volatility

GDMN vs. BWET - Volatility Comparison

The current volatility for WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) is 17.94%, while Breakwave Tanker Shipping ETF (BWET) has a volatility of 33.96%. This indicates that GDMN experiences smaller price fluctuations and is considered to be less risky than BWET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GDMN	BWET	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.94%	33.96%	-16.02%
Volatility (6M) Calculated over the trailing 6-month period	51.79%	88.49%	-36.70%
Volatility (1Y) Calculated over the trailing 1-year period	61.32%	98.35%	-37.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.59%	70.45%	-22.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.59%	70.45%	-22.86%

GDMN vs. BWET - Expense Ratio Comparison

GDMN has a 0.45% expense ratio, which is lower than BWET's 3.50% expense ratio.

Dividends

GDMN vs. BWET - Dividend Comparison

GDMN's dividend yield for the trailing twelve months is around 2.82%, while BWET has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
BWET Breakwave Tanker Shipping ETF	0.00%	0.00%	0.00%	0.00%	0.00%
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund	2.82%	2.70%	9.44%	7.69%	1.44%

Frequently Asked Questions

Can I hold both GDMN and BWET in my portfolio?

GDMN and BWET have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GDMN or BWET?

BWET has higher volatility (33.96%) compared to GDMN (17.94%). In terms of maximum drawdown, GDMN dropped -52.82% vs BWET's -56.90%.

Which ETF is better, GDMN or BWET?

On 3-year performance, BWET leads with 129.64% vs 60.95% for GDMN. On fees, GDMN is cheaper at 0.45% per year. On volatility, GDMN has been the lower-risk option at 17.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GDMN or BWET?

Over the 3-year period, BWET has performed better with a 129.64% return vs 60.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GDMN or BWET?

GDMN is cheaper with a 0.45% expense ratio, compared with 3.50% for BWET.

Which ETF pays a higher dividend yield, GDMN or BWET?

GDMN has the higher dividend yield at 2.82%, compared with 0.00% for BWET.

What is the main difference between GDMN and BWET?

They also come from different issuers: WisdomTree and Amplify. Their fees differ too: 0.45% for GDMN and 3.50% for BWET.

Which has better risk-adjusted returns?

BWET currently has the higher Sharpe Ratio (18.57 vs 1.26), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.